Apr
22
Oil – April 2009
ByIn February it was told once again to put forward the investor’s favorite seasonal trade: oil. Almost right on que oil stocks started to rise at the beginning of March. Although the sector is lagging the S&P 500 slightly, April is typically a strong month for the energy sector.
The sell date for this seasonal trade is May 9th. Although this sector can continue to run after seasonal period, oil stocks tend not to do well in the late spring/early summer. Last year in May 2008, investors were told that they should consider taking profits in this sector. At the time oil was trading at approximately $130 a barrel.
